Take Baltimore and San Antonio, for example. Both are notably more affordable housing markets — but their housing supply has plummeted 20% year-over-year amid the pandemic. Meanwhile, the supply in expensive cities like New York and San Francisco has surged, while demand has dwindled.
released a report on Thursday that said lenders are tightening standards due to the coronavirus recession. Mortgage availability, according to the association, plummeted so far in August that it hasn't been this hard to take out a mortgage since 2014.
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Best time to buy...
With interest rates being the way that they are don't see how any of it could be a bad deal
Not to mention real estate prices are wildly inflated.
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